X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Sensex Trades Marginally Higher; Metal Stocks Witness Buying
Mon, 23 Jan 11:30 am

After opening the day on a flat note, the Indian share markets have continued to trade marginally higher. Sectoral indices are trading on a positive note with stocks in the metal sector and energy sector witnessing maximum buying interest.

The BSE Sensex is trading up 92 points (up 0.3%) and the NSE Nifty is trading up 45 points (up 0.5%). The BSE Mid Cap index is trading up by 0.4%, while the BSE Small Cap index is trading up by 0.6%. The rupee is trading at 68.05 to the US$.

Market participants in the Indian markets are keeping tabs on the US as Mr Donald Trump formally replaced President Obama in the White House during the last week. On 20th January, Mr Trump took the Oath of Office and was sworn in as America's 45th president.

Speculations about what effect his presidency will have on the international community are doing the rounds. The US being the biggest economy on earth by far; any decisions made by the US government will have a big impact far and wide.

The perception across the financial markets is that Trump's 'Buy American and Hire American' slogan may affect many economies across the globe.

Just Released: Multibagger Stocks Guide
(2017 Edition)

In this report, we reveal four proven strategies to picking multibagger stocks.

Well over a million copies of this report have already been claimed over the years.

Go ahead, grab your copy today. It's Free.

NO-SPAM PLEDGE - We will NEVER rent, sell, or give away your e-mail address to anyone for any reason. You can unsubscribe from The 5 Minute WrapUp with a few clicks. Please read our Privacy Policy & Terms Of Use.

All we can do is wait and see what Trump's policies will mean for businesses in India.

As for investors, this is a reminder that geopolitical equations and their changing nature deserve attention while taking into account an industry's growth prospects. And within an industry, it may pay well if the investors take care to analyze and give more weightage to companies that are better geared to withstand the impact of such developments in the future.

As per an article in Times of India, according to the study done by ASSOCHAM, the aggregate employment elasticity stood at about 0.04 during 2004-05 to 2009-10. Employment elasticity figure shows the percentage change in employment due to percentage change in output or GDP.

The above data clearly indicates growing disconnect between economic growth and jobs in India.

Employment Opportunities lags GDP growth

Employment Opportunities lags GDP growth

The trouble doesn't end here. We've been talking about the megatrend in robotics, automation, and technologies for quite some time. And this megatrend is worrisome for India because about 13 million young Indians enter the work force every year. If they are not productively employed, India could have a big crisis ahead for the so-called demographic dividend. Clearly, India needs to create sufficient jobs to ride its growth story in the coming years.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "Sensex Trades Marginally Higher; Metal Stocks Witness Buying". Click here!

  

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Jul 21, 2017 (Close)

MARKET STATS